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Toshiba and Ricoh announced business restructuring, setting off new changes in the global office sector
Toshiba and Ricoh announced business restructuring, setting off new changes in the global office sector
Toshiba Corporation and Ricoh Corporation are planning to carry out major inter-enterprise business restructuring. The news comes from May 19. The two parties will integrate their respective multi-function printers, copiers and other office equipment businesses to jointly create a new global leader. The plan, expected to be announced today, has already caused shares in Toshiba and Ricoh to rise.
Against the background of the rise of global remote working trends and insufficient corporate investment, global sales of office OA equipment such as consumer-grade inkjet printers fell by 17% year-on-year. This market environment prompted Toshiba and Ricoh to decide to work together to jointly address the challenges.
According to reports, the new company after the merger will have a majority of the voting rights of Ricoh and will absorb Toshiba, a subsidiary of Toshiba Tec. However, both companies will retain their respective sales departments and brands to ensure business continuity and market recognition.
Ricoh officials are considering integrating the development and production of Toshiba's multi-function devices to implement the restructuring plan. We have not decided anything yet but are planning to discuss it at today's board meeting and will publish anything that should be disclosed in a timely manner. "
The implementation of this restructuring plan will make Toshiba and Ricoh more competitive and gain access to broader market opportunities. The new company after the merger is expected to become the world's leading enterprise in the office field and provide users with more innovations Office solutions and efficient equipment. Toshiba and Ricoh will work together to achieve the goals of business growth and sustainable development.
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